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Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
The on-demand property broker, which focuses on the sharing economy, has raised £2.5m in a funding round led by Peter Wood and Esure.
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McMillan joins the provider from QBE and replaces Stuart Vann who left the business in January 2018.
Provider confirms it has not yet found a replacement for former CEO Stuart Vann who left the business in January last year.
Siân Barton and Ida Axling chat about the most popular stories to hit the headlines.
Esure also reported a 12% rise in GWP, but a fall in profit for the first half of 2018.
Siân Barton and Ida Axling discuss the most clicked on stories by brokers.
Surge in motor policies at insurer.
CEO leaves as the insurer looks to new leadership in order to take the business to the “next level” in an “increasingly digital and data driven world”.
Article suggests that Wood has held informal talks on a sale of his 30% stake prompting esure shares to rise in value.
Profit before tax also increases 44.6% for the first half of 2017.
Combined operating ratio lifts slightly to 98.8%.
Esure completes the demerger of the comparison site.
Approval of the demerger depends on a meeting to be held next month.
Aggregator to seek stock exchange listing before the end of the year.
Esure-owned aggregator Gocompare has recorded a 22.3% growth in revenue in the first half of 2016 compared to 2015 at £72.9m(H1 2015: £59.6m).
Fresh speculation was sparked that company had been circled by private equity firms and overseas insurers.
Insurer considers split and appoints Matthew Crummack as CEO of the aggregator.
Parent company Esure's underlying profit before tax decreased by 22.7% to £82.9m in 2015.
CEO Stuart Vann says insurer has implemented rate increases in motor while home remains competitive.
Two fraudsters sentenced to two months in prison after making bogus £3,000 claim against esure.
Parent company esure sees underlying profit fall 21% at the start of the year.